April, 2014 - Wealth18.com

Apr82014 by wealth18.comNo Comments

Tax Free Bonds – Should you invest in these?

Bonds

Tax free bonds are flavour of the market since 2012 with many Government & PSU companies raising thousands of crores from market via these Bonds. There Bonds are offering good returns for long duration as well as tax free income. In 2012-2013, Around 10 government owned companies raised Rs 50000 crores via tax-free bonds. Positive Points Safe & Secure - All tax-free bonds are issued only by government-owned companies. So they are unlikely to default. These are normally rated AA or higher. Tax FREE Interest - Interest received on these bonds are fully exempt from income tax. ( as per Section 10 (15) (iv) (h) of Income Tax Act, 1961) No TDS - Since the interest income on these Bonds is exempt from tax, no Tax Deduction at Source (TDS) is required. No Wealth Tax - Wealth Tax...

Apr72014 by wealth18.comNo Comments

Mutual Funds – Taxation Aspects

Mutual Funds, Taxation

In this post, I will explain the Taxation aspects of Income / Returns from Mutual Funds. The taxation depends on type of Mutual fund scheme you have invested in. The taxation will be different for equity schemes, and non equity schemes ( for e.g debt schemes, money market etc) Broadly, there can be following 2 type of Income from Mutual Funds: Dividend Capital Gains A. Dividend Received - Tax Free in hands of investor Any dividend received from Mutual Funds is exempt from Tax in hands of investor. So , if you have selected Dividend Option while investing in MF, then any dividend received is tax free for you. Actually, the interest on such dividend is already paid by Mutual fund company via Dividend Distribution Tax (DDT) . Paying such tax impact returns of your MF scheme. DD...

Apr72014 by wealth18.comNo Comments

HDIL – Nomura & Kotak picked up stakes

Stocks

5/4/2014 - Nomura Singapore Limited bought 44,11,000 shares of Housing Development and Infrastructure at Rs 67.45. This represents 1% stake in Mumbai based real estate firm. 27/Mar/2014 - Kotak Securities purchased 21.28 lakh shares of the real estate firm, constituting 0.5 percent stake at Rs 51.56 apiece. The share on Friday closed at Rs 69.45, up 16.23 percent after hitting a 52-week high of Rs 70.35. 52 week low - Rs 26 52 Week High - Rs 76

Apr72014 by wealth18.comNo Comments

Rakesh JhunJhunwala bought 1.85% in Prakash Industries

Stocks

4/April/2014 Rakesh JhunJhunwala has picked up 25 lakh shares, constituting 1.85 % stake of the company at Rs 58.96 Kolkata-based Nilkanth Fincon Private Limited, one of the non-promoter shareholders, has reduced its equity shareholding by 2.5 % in steel and power company Prakash Industries on Friday. Nilkanth Fincon sold 34,02,000 equity shares at Rs 59.18 apiece via block deal on the NSE. As of December 2013, it held 2.56 % stake in the company. However, . The share on Friday closed at Rs 68.70, up 20 percent. Trailing 12-month (TTM) EPS - Rs 11.13 per share. (December, 2013). The stock's price-to-earnings (P/E) ratio was 6.17. The latest book value of the company is Rs 155.67 per share. At current value, the price-to-book value of the company was 0.44. The dividend yield of the ...

Apr32014 by wealth18.comNo Comments

PE Firm Chryscapital’s Investments in India

Stocks

Private equity firm ChrysCapital has over $2.5 billion assets under management in India. Some of its investments in listed companies in India are as under Amtek Group Gammon HCL Technologies Hexaware ING Vysya Bank JMT Auto KPIT Cummins Pratibha Industries Simplex Infra Torrent Pharma In April 2014, they have made investment of $40 million in Torrent Pharma. ChrysCapital is largest PE investor in domestic pharma companies.

Apr22014 by wealth18.comNo Comments

Now you need to send ITR V by “Speed Post” only

Taxation

Income Tax Departmet has now asked assessees filing returns online to send ITRV by "speed post" only. Earlier, ITR V could be send by either Ordinary Post or Speed post. When you file return online, ITR V (Acknowledgement) is generated, which needs to b signed by you and send it to Central Processing Centre (CPC) of the department in Bengaluru. IT department has now changed the procedure and has disallowed sending the paper statements through ordinary post or to a designated post box number. You need to send ITR V by Speed Post only. In order to prevent the hassle of sending by post a hard copy of e-filed return, the Income Tax department is also planning to bring in the facility of electronic signatures for taxpayers to endorse their bonafides.